Victor S. Zhang was named president of Wilshire Funds Management and senior managing director of parent Wilshire Associates.
Mr. Zhang replaces Jamie Ohl as president. Ms. Ohl left in September to become president of tax-exempt markets for ING U.S. Retirement, effective Oct. 1.
While Mr. Zhang said he plans to continue as Wilshire Funds Management's chief investment officer at least through the rest of this year, Wilshire plans to search for a replacement, looking at external and internal candidates, although the process is not a priority, he said.
“I'm not in a rush to fill it,” said Mr. Zhang, who was also a managing director. “I hope to fill it sometime in 2013.”
Wilshire Funds Management, one of Wilshire Associates' four business units, offers discretionary and non-discretionary manager-of managers programs, including hedge funds of funds and mutual funds, as well as outsourcing to financial institutions, commingled funds and mutual funds.
Mr. Zhang reports to John Hindman, president of Wilshire Associates.
Wilshire Funds Management has nearly $80 billion in combined discretionary and non-discretionary assets, Kim Shepherd, Wilshire spokesman, said in an e-mail.